Steph McGovern

But first, we check in on the markets that have been under pressure.

We are once again questioning AI valuations.

We're checking some of the biggest winners and whether or not we're taking money off the table.

We're off flat on the day on the NASDAQ 100 more broadly, but it's been a volatile session thus far as we've tried to dissect who wins from some of the purchases, Alphabet being key among them, and who's being sold off.

Let's just dig into some individual movers that I want to shine a light on because 13F filings, they tell you an awful lot.

Who is being bought?

Alphabet is being backed by Berkshire Hathaway.

We're up 5%, a significant move that helps the Nasdaq 100 more broadly be trading flat, even though sentiment seems to be shifting to the downside.

Sentiment on the downside for NVIDIA ahead of its earnings later this week.

We understand that another key investor that everyone watches, this one Peter Thiel, offloading his entire holding from his macro fund, his hedge fund,

In NVIDIA, we want to get to both of these key stories because the Teal macro fund, as we know, has been one that we really do focus in.

At the moment, it does still hold on to Microsoft and a reduced stake in Tesla, we understand, as its main bets, all according to that filing.

We want to dig into it with hedge fund reporter Emma Palmer now.

This is someone that we always follow.

Peter Thiel made his fortune by backing Meta, artist formerly known as Facebook, and now he takes key bets on publicly traded companies.

But why offload $100 million worth of NVIDIA?

Yes, it's especially interesting given how concentrated his portfolio is, really only four or five stocks.

So when we see a rotation in this portfolio, it holds a lot of meaning, even though the position itself was only about $100 million, which in our hedge fund world isn't that much when we look at the exposure.

So, you know, this may be a reflection of a lot of the cautions and concerns that we're seeing around the AI space, valuations, the amount of money that's just flooding into the space, concerns people have about the circular nature of investments and money in this industry.

And so this could be an expression of that.